The budget is the City’s plan for where we will get money (revenues) and how we will spend it (expenditures). It maps out how property tax dollars and other funding will be invested to provide the programs, services and construction projects Edmontonians rely on.

Every fall, Council approves adjustments to our 4-year budget in response to significant changes.

What's New

On November 13, Administration presented its fall budget adjustment reports to Council. The reports recommend changes to the 2023-2026 capital and operating budgets. Administration is recommending both spending reductions and revenue increases to support ongoing efforts to tackle budget challenges. 

The operating budget changes will help the City to manage ongoing challenges like high costs, rapid population growth and changing service needs. These challenges are much bigger than what was forecast when the budget was set in 2022, and mean it is more expensive to deliver the same services, beyond what the current budget can support sustainably. 

To keep its finances stable and continue delivering the services that matter to Edmontonians, the City must reduce spending and increase revenues. Recommendations include:

  • Adding 1.1% to the tax increase for 2025. 1% will help replenish the Financial Stabilization Reserve and 0.1% will help fund changes for the 2025 election. 
  • $8.5 million in ongoing savings to limit the tax increase.

Administration recommends a $152 million increase to the capital budget, mostly to fund neighbourhood renewal projects and the Terwillegar Drive Expressway. 

Administration also released its annual update to the carbon budget. It’s a tool to support Council’s decision-making as they adjust the capital and operating budgets. It also tracks progress on the City’s energy transition goals. 

Council will deliberate and decide on any adjustments from December 2-5. 
 

View the Agenda for the Reports (7.1 - 7.4)